Press Releases/News Alerts
May 13, 2008
IFAC Seeks Evaluator to Review the International Public Sector Accounting Standards Board
The International Federation of Accountants (IFAC), in partnership with the World Bank, is seeking expressions of interest from professional accountants to carry out an evaluation of the activities of the International Public Sector Accounting Standards Board (IPSASB). The IPSASB, an independent standard-setting board within IFAC, develops international standards and guidance to improve public sector financial reporting and fiscal management. The IPSASB's activities are partly financed by World Bank funding grants and, under the funding terms and conditions, an external review of these activities is periodically performed.
The review will cover matters including the extent of adoption of IPSASB standards worldwide, the effectiveness of the World Bank's involvement in the IPSASB's work, whether developing nations have an effective voice in IPSASB activities and whether the governance and management of these activities are transparent and accountable. The evaluator will also be free to propose other suggestions for improvements to the IPSASB's standards development program.
"This external review provides an important opportunity to demonstrate the value of the IPSASB's work in developing international standards to a key supporter and our wider constituents and will assist in identifying areas for improvement," states Mike Hathorn, IPSASB Chair.
Applicants must have substantive prior experience in public sector accounting or auditing. Direct experience with accounting or auditing standards setting is desirable. The evaluator must be a professional accountant and a member of a professional accountancy body.
The requirements for the evaluator and the issues to be addressed by the review are explained in the Terms of Reference for the Evaluation of Development Grants Facility Program, which can be downloaded from the IPSASB home page at http://www.ifac.org/PublicSector/Projects.php. The deadline for submitting an application to be the evaluator is 12:00 pm (EST), Friday, May 31, 2008.
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 157 members and associates in 123 countries, representing more than 2.5 million accountants in public practice, education, government service, industry and commerce. In addition to setting international public sector financial reporting standards through the IPSASB, IFAC, through its independent standard-setting boards, sets ethics, auditing and assurance, and education standards. It also issues guidance to encourage high quality performance by professional accountants in business.